No investments move one for one with a market indicator. Markets and participants have unlimited variables in behaviors. There is no way to control or predict how people position themselves in the short term. Same with gold and other types of assets as well.Bitcoin and "crypto" are two completely different topics and should be treated accordingly.
I know mate, I’m qualified to run money and work for an asset manager!
I’m not disputing any of what you said, but this is a new asset, and one of its key strengths was said to be its design having an inherent advantage over fiat in holding its real value and that’s the opposite to what’s transpired.
I still don’t understand what it does other than attempt to be a better medium of exchange, and that’s moot: Central Banks can just use the technology.
I don’t see how it can replace the current banking system.
If it’s not a replacement monetary system, it’s an asset. Other than a store of value, I don’t see what it does in terms of an asset.
I own a bit as I’m not techy so can’t profess to understand it fully. It would need to do more to get anywhere near a client portfolio.
The tokens themselves seem to be the equivalent of shares, with no call on assets, no vote, no register of ownership, no dividends. Why not invest in the companies that own the tech?
So many questions and not enough answers.